NetEase Board Approved a Dividend of $0.5250 per ADS for Q2 vs. $0.4650 per ADS for Q1
Portfolio Pulse from Benzinga Newsdesk
NetEase's board of directors has approved a Q2 2023 dividend of $0.5250 per ADS, up from $0.4650 per ADS in Q1 2023. The dividend will be payable to holders of ordinary shares and ADSs as of the close of business on September 8, 2023. The payment date is expected to be September 19, 2023 for holders of ordinary shares, and on or around September 22, 2023 for holders of ADSs.
August 24, 2023 | 8:41 am
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POSITIVE IMPACT
NetEase has increased its Q2 2023 dividend to $0.5250 per ADS, a rise from $0.4650 per ADS in Q1 2023. This could make the stock more attractive to income-focused investors.
Dividends are a key factor for income-focused investors. An increase in the dividend per share makes a stock more attractive as it indicates the company's strong financial health and its ability to return capital to shareholders. Therefore, this news is likely to have a positive impact on NetEase's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100